site.btaBulgaria's Financial Sector Reserved about Green Investments - Survey

The financial sector in Bulgaria is reluctant to actively engage in financing the green transition, including through the creation of innovative instruments for green investments by private pension funds and insurers, according to a regular survey of the Ministry of Finance on Bulgarians' assessments and expectations in the financial sector.

The idea is thus to activate household savings, such as accumulated funds for retirement, deposits.

Two-thirds of respondents (67%) voiced reservations about the idea of green investments. The necessary capacity (administrative and institutional) is not available for successful campaigns to finance such projects. 

Financial literacy is the main obstacle to activating so-called idle household money, according to 20% of the participants who are rather positive about the idea. The remaining 13% strongly support such an approach and believe that the capital market has the necessary potential to support a green transition.

The analysis by the Ministry of Finance is survey-based. Responses were collected through October 25, 2024.